Yesterday, an analyst has provided a rating update for BCE Inc. (TSX: BCE). Analyst Phillip Huang from Barclays rated BCE Inc. (TSX: BCE) a Buy, setting a C$62 price target.
According to TipRanks.com, Huang is a 5-star analyst with an average return of 9.4% and a 75.4% success rate. Huang covers the Technology sector, focusing on stocks such as Open Text, Descartes, and BCE Inc.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BCE Inc. with a C$59.08 average price target, implying a 10.5% upside from current levels. In a report issued on October 18, Desjardins also upgraded the stock to Buy with a C$59.50 price target.
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The company has a one-year high of C$62.90 and a one-year low of C$50.72. Currently, BCE Inc. has an average volume of 1.55M.
BCE, Inc. is a telecommunications and media company, which engages in the provision of communication services to residential, business, and wholesale customers. It operates through the following business segments: Bell Wireless, Bell Wireline, and Bell Media.
The company’s shares closed on Thursday at C$53.46.
